I agree with you, but I think the dividend will be cut in the near future, since it is not sustainable and they will need the money for the hard transition to more than 50% online. I don't see them as having any sort of competitive advantage, other than maybe some large accounts which they will have to work hard to keep. All else in their business model is done better and cheaper by AMZN and the likes.
Anyone seen the list of stores to be closed yet?
I live in a small town where we have one and could never figure out how in the heck they could see enough support for one to be here!
Do you really think the 4.2% dividend is sustainable long term? If so, I have a bridge called "brooklyn" bridge I want to sell you
SPLS is still making real money, AMZN, TSLA and NFLX are the "fraud" stocks along with 3D printing companies. This too shall pass.
I had intended to sell today, but I think I'm going to hold this through the dividend and possibly up to a month after that.
We are both in the money. Industry leader, 50% of sales come from online, closing stores will save 250 million per year.
The bounce is on. We aren't marrying the stock. It probably goes lower but shorts take profits when they bank big and we profit from their buy orders.
Just bought 2500 shares at 11.26. Looks to be 4.0% dividend and will be putting OM out of business based on sales, debt and profit. Patience is a virtue.
Why should it?... Just on a dead-cat bounce? This stock market has been one of the best, most bullish, markets in decades. At the same time, this stock has done nothing but trended further downward (rightfully so). The S&P 500 has been up over 40% over the last 3 quarters, and SPLS has only moved in the opposite direction. If this Fed policy of easy money (Q.E. and 0% interest rates) with a roaring bull market is not enough, then there is no reason to even contemplate going long the equity of a company that continues to miss expectations and revise expectations lower.
Why should it?... Just on a dead-cat bounce? This stock market has been one of the best most bullish markets in decades, and this stock has done nothing but trended further downward (rightfully so). The S&P 500 has been up over 40% over the last 3 quarters, and SPLS has only moved in the opposite direction. If this Fed policy of easy money (QE and 0% interest rates) with a roaring bull market is not enough, then why contemplate going long this equity?
Yeah, everybody could see this coming from a mile away. That's why OfficeMax and Office Depot merged. E-commerce was destroying them both. The same is true for Staples, too.
I'm having a little fun watching, but don't own it.....I'm afraid it might go to 11